Benzinga | Oct 29, 2020 05:07PM EDT

Recap: Archer-Daniels Midland Q3 Earnings

Shares of Archer-Daniels Midland (NYSE:ADM) moved lower by 3.45% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 15.58% year over year to $0.89, which beat the estimate of $0.69.

Revenue of $15,126,000,000 decreased by 9.57% year over year, which missed the estimate of $16,720,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Price Action

Company's 52-week high was at $52.05

Company's 52-week low was at $28.92

Price action over last quarter: Up 15.13%

Company Profile

Archer Daniels Midland is a major processor of oilseeds, corn, wheat, and other agricultural commodities. Additionally, the company owns an extensive network of logistical assets to store and transport crops around the globe. Its end products include vegetable oil and meal, corn sweeteners, flour, feed ingredients, ethanol, and natural flavors.